It's been awfully quiet here regarding the proposed tax bill and Obama 
caving to the Republicans.  It's 1994 all over again, with a worse 
economy for the Republican House to deal with.  The addition of allowing 
businesses to write off 100% of major capital expenses next year is 
huge.  They should have also added a provision to allow an increase in 
investment loss write-offs for individuals.  Many folks are sitting on 
investment losses for 2008 that they can only write-off $3,000 per year 
forever.  Increasing that number would have put a lot of money directly 
into pockets of those would would have either invested it or spent it.  
Either would have been a major boost for the economy.  Another item is 
that the Administration needs to cut a deal with the business leaders 
who approached them about bringing $1T in profits back to the US, if the 
Administration was willing to cut a deal on the tax rates.  This one may 
be covered under the capital expenses item.  I am not sure.  If not, it 
is a huge opportunity to get something vs. nothing and help the economy 
even more.


Jeff  

CMPQwk 1.42-21 9999 
Democrats --  The party of economic obstruction ....

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